Skadden, Arps, Slate, Meagher & Flom has advised Chinese auto tech startup ECARX Holdings on its $3.82 billion merger with blank-check firm COVA Acquisition, which was advised by Orrick, Herrington & Sutcliffe.
Founded in 2017, the Wuhan-headquartered ECARX focuses on technology used in car chips, high-definition maps and smart vehicles, said Reuters.
The deal with COVA includes a $45 million investment from mobility tech company Geely, lidar sensor maker Luminar Technologies and automotive company Lotus Technology, Reuters added.
The Skadden team was led by partners Peter Huang and Shu Du, supported by partners Bruce Goldner and Victor Hollender. The Orrick team was led by partners Albert Vanderlaan and Hari Raman and included partners Jeff Zhang, Shelley Zhang, Peter Elias, Sarah Schaedler, Steven Malvey, Hannon Yavorsky, and Michael Wiesner.